M&A Deal Summary

AT&T Acquires WarnerMedia

On October 22, 2016, AT&T acquired media company WarnerMedia for 108.7B USD

Acquisition Highlights
  • This is AT&T’s 2nd transaction in the Media sector.
  • This is AT&T’s largest (disclosed) transaction.
  • This is AT&T’s 27th transaction in the United States.
  • This is AT&T’s 2nd transaction in New York.
Investment Fate
  • WarnerMedia was divested to a consortium of strategic buyers in 2021.

M&A Deal Summary
Date 2016-10-22
Target WarnerMedia
Sector Media
Buyer(s) AT&T
Deal Type Add-on Acquisition
Deal Value 108.7B USD

Target

WarnerMedia

New York, New York, United States
website
WarnerMedia is a media and entertainment company. WarnerMedia consists of Turner, Home Box Office, and Warner Bros. Turner consists principally of cable networks and digital media properties. Home Box Office consists principally of premium pay television services domestically and premium pay and basic tier television services internationally. Warner Bros. consists principally of feature film, television, home video and videogame production and distribution. WarnerMedia was formerly known as Time Warner was established in 1985. The Company is headquartered in New York City.

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Buyer(S) 1

Buyer

AT&T

Dallas, Texas, United States

website

Category Company
Founded 1983
Sector Communications
Employees160,700
Revenue 120.7B USD (2022)
DESCRIPTION
AT&T's corporate headquarters in downtown Dallas, Texas.
AT&T's corporate headquarters in downtown Dallas, Texas.

AT&T is a provider of telecommunications services in the United States and the world. AT&T offers services and products to consumers in the US and services and products to businesses and other providers of telecommunications services worldwide. AT&T's services and products include wireless communications, local exchange services, long-distance services, data/broadband and Internet services, video services, telecommunications equipment, managed networking, and wholesale services. AT&T was founded in 1983 and is headquartered in Dallas, Texas.

DEAL STATS #
Overall 32 of 37
Sector (Media) 2 of 3
Type (Add-on Acquisition) 27 of 30
State (New York) 2 of 3
Country (United States) 27 of 32
Year (2016) 3 of 3
Size (of disclosed) 1 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-16 Quickplay Media

Toronto, Ontario, Canada

Quickplay Media Co. is a cloud-based mobile video platform that allows pay-TV operators, wireless carriers, and content providers to outsource the collection, storage, manipulation, and delivery of audio and video content to IP-connected devices such as smartphones and tablets. QuickPlay was formed in 2004 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-02 Vyatta

Belmont, California, United States

Vyatta is a provider of networking industry innovator through its software-based network operating system that is highly relevant for multiple applications in network virtualization, software-defined networking (SDN) and private/public cloud computing platforms.

Buy -
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